Where We're Going
The City is working on a fundraising plan for future phases that will include shoreline restoration, rehabilitation of the historic Section Foreman’s House, construction of the lakefront boardwalk, a new eco park, an expanded and remodeled Depot Park and community docks. The capital cost for these future projects is $14 mil.
A majority of the capital costs, at least $7.2 mil, are projected to be funded through State Bonds and TIF. There is a $6.4 mil gap which is planned to be filled by a combination of private funding (Wayzata Conservancy) and grants. In addition, annual maintenance costs of future phases are projected to be about $134k per year.